business

US Federal Reserve chief Jerome Powell confirms he is facing a Department of Justice investigation, while Australia’s competition watchdog will use new powers to go after the big supermarkets, according to a report. Source link

India was also invited to attend the meeting, but it is unclear if it has accepted the invitation.  Source link

Australia’s population is forecast to reach 28 million people in 2026 despite an easing of overseas arrivals following the post-COVID-19 migration peak.  Source link

Rio Tinto and Glencore are in takeover talks that could potentially lead to a combined mega miner worth more than $US200 billion. Analysts are questioning whether Rio will be interested in Glencore’s coal assets, having sold off its own in 2018.  Source link

Glencore has confirmed media speculation that the company is back in merger talks with Rio Tinto. Follow updates live on our business and finance blog. Source link

The Reserve Bank says inflation is “too high”, but that doesn’t mean it will necessarily rush to raise interest rates next month.  Source link

The deputy governor of the Reserve Bank Andrew Hauser confirms the news mortgage borrowers would not have wanted to hear — interest rates are highly unlikely to head lower anytime soon. Source link

ABC News has an exclusive interview with RBA deputy governor Andrew Hauser, who says he has a message that people may not want to hear. Source link

The number of livestock found dead across north-west Queensland is expected to rise, but for already devastated producers, a potential cyclone brings the threat of more rain. Source link

Inflation cooled in November, with the consumer price index rising 3.4 per cent over the year, down from 3.8 per cent a month earlier. Some economists continue to forecast a February rate hike, however. Source link